ibankbtc 41 points 3 hours ago* Hi all, I realized that the 2500 BTC injected by OKEX is still causing a 17% socialized loss. This is BTW not the first time they incurred a +10% loss. I find their risk management unacceptable and will no longer be a customer. This is my socialized loss screenshot, which I find unacceptable almost back to back weeks. My tweet including two clawbacks within a month below. Let the world know what is going on.

Meanwhile my German bank just e-mailed me saying for "security reasons" they cannot let me transfer any funds out of the country from my bank account. That I have to come in personally to un-block my account. I live in French Polynesia and have no plans whatsoever of ever returning to Germany.

You could transfer your fiat to Fidor Bank (a German bank used by Kraken for deposits).

So the part where they're talking about the starbucks rewards, do they mean converting btc to rewards and vice versa? It's only a matter of time before that becomes ubiquitous. The really awesome part will be when all rewards across different industries are transferable. Trade my airline miles for gas card rewards or just convert them into crypto.

So the part where they're talking about the starbucks rewards, do they mean converting btc to rewards and vice versa?

'As the flagship retailer, Starbucks will play a pivotal role in developing practical, trusted and regulated applications for consumers to convert their digital assets into US dollars for use at Starbucks'

I still don't think anyone out there will have the slightest interest in using crypto for this type of thing. It goes against human nature. Handy if every Starbucks became an exchange though.

“Our system would operate on a layer above the blockchain, and we’d keep our own omnibus ledger apart from the blockchain,” explains Loeffler. The Bakkt design isn’t revolutionary. It closely resembles a technology called “the lightning network” that’s already in use. In the lightning network, the same two participants, say an appliance-maker and a parts supplier, engage in multiple Bitcoin transactions. As long as the parties are using a fixed number of Bitcoins to buy, sell from one another, and store for that purpose, the transactions aren’t reported to the blockchain, and zap back and forth within the same ecosystem.

Once Wall Street gets the flywheel whirring, Bitcoin would gain the liquidity to become a bona fide currency. Sprecher and Loeffler predict that multinationals would then adopt Bitcoin for international payments. “The banks control international payments, and the system is very expensive,” notes Sprecher.

”Bitcoin would greatly simplify the movement of global money,” says Sprecher. “It has the potential to become the first worldwide currency.”